Title: Bulgarian Authorities Dismantle Online Investment Scam Network, Seize EUR 10 Million

Subtitle

• Bulgarian and European authorities take down an extensive online investment fraud network
• One suspect arrested for swindling mainly German and Greek investors
• Over EUR 10 million seized

Disrupting an Elaborate Online Fraud Network

• Bulgarian authorities, Europol, and Eurojust dismantled an online investment fraud network
• operation took place on January 26
• Network defrauded investors of over EUR 10 million

Arrest and Search Operations

• Bulgarian National Police arrested one suspect
• 24 search locations raided
• 66 witnesses interrogated in Sofia and Burgas
• Equipment, financial records, and documentations seized

Significant Achievement in the Fight Against Financial Crimes

• Europol’s focus on targeting transnational fraud networks
• Operation marks a significant achievement against financial crimes in Bulgaria

Victims of Investment Scams

• Europol emphasizes the emotional and financial impact on victims
• Importance of being aware and taking precautions before investing

Ongoing Investigation

• Investigation continues into individuals involved and extent of damage caused
• Impact on the broader financial crime landscape to be determined.